Fractal Geometry....Trading?

OK,
1. on your open chart right click, then select SAVE PICTURE AS
2. Click OK on the box that opens
3.It will bring up a box from your computer that says Save As, and it has a drop down option that allows you to save it in any folder you choose. I choose Desktop, because I can find it easier.
4.Then type in a name you want to use to save it in and click Save. It will then be on your desktop.
5. Then go to the Attachments up above on the right side of the smiley face, and click it.
6. Then click browse, make sure it is browsing your Desktop.
7. then click or tick the file when you find it, usually by scrolling down until you see it.
8. Then click Upload.
It will then be on your message page, like the one I'm typing now for example, after you
hit Submit Reply

Let's see if it worked

You need to first start a message like this one.
I'm not computer geek by any strecth, so sorry about the add on.
Hope this helps

Hi again Tony,

I just meant to post my friend Blazer's journal link for you to see as an example. You would still want to recruit the help of a person there with you to show you the ropes as far as recording your video...anyway it was just an idea to try and help.

Regards!
Brent

http://shoelala.files.wordpress.com/...skin-shoes.jpg

If you don't want to go through all the hassel of downloading Camtasia or Camstudio, there is another very simple and free way of doing this. Only thing, it'll be live, so you'll need to get your students here on a time line to log into your tutorial.

If you're interested, I'll pm you my email and my tel # or Sykpe ID and we can chat, and I'll run you through the setup.
Typing isn't my forte. As you can see all my post are only a few sentences long.

Cheers,

LR

One thing I would like to add, if you can perfect the congestion trade then you perfect trading all together. I say that because congestion is the process of retracment in any trend or the beginings of a counter trend.

I would love to concentrate on the congestion entrance that produces a block trade. I have been trying to come up with some ideas on my own in relation to drummond geometry. I used to have all the drummond materials but they are all history due to HD problem.

Great!

http://www.mysmiley.net/imgs/smile/party/party0014.gif

Does anyone have suggestions on books, websites etc. (if possible in layman's terms) for this subject?

There is but if I were you I would not pay for it. Just google Drummond Geometry or pldot.

I copied the way you have your chart set up, now I just need to understand what I'm looking at

I sent you a PM, hope to hear from you soon.

Cheers,

LR

My rendition of your chart, just click on it to make it bigger. The 3 MA is connecting with the DOT maybe going toward an upward swing. Is there any significance to this moment in time? The white lines ( don't know what else to call them) are starting to diverge, but looking back in time there are no lengthly precedences, so I think one of them will re-paint and get back in lock step. Also I see you have the ubiquitous gridlines on your chart, so I assume they have a role as well. Will these give us a heuristic peek behind the velvet curtain? I can already smell the perfume, and hear the giggles, but that's probably just my imagination.

Those red and white lines and stripes are every where, so confusing

To make this work we need someone that can program the DG envelope for MTF.

ie daily and 1 hour envelopes on top of the 15 min chart.

Once you have that then the whole picture of flow becomes more clear.

Am I on the right track? Right now it's like I can write and read French, but I don't understand a word of what it means, very frustrating indeed

mrjtdude: HELLO THERE....finally someone who was a PNL'er. In all these
years, you're the first one that has popped up from behind the bush.
I don't know what the...HD...is or means? Sounds like a hernia problem...
or someone slipped on a banana peel. Anyway...the 'congestion entrance'
is the most important part of the P&L methodology. You have warnings
and indications much before the market gets to this point. The Dot is
clacking all over the place...by the angle of it's slope. One of Charlie D's
expositories was the distance between the Dots. The Dot can be in a
straight line...and it can be if the momentum remains the same. You
should be able to reason if the Dot veers off this line. You should be able
to check this in all the 'time periods'. The Dot can tell you of an explosion
that can happen in the market's range before it happens. Can't get into
the various lines; that is another aspect of the P&L. The Block is the other
end of the stick. The 'stick' being the Halo as the 'head' when the 'close'
crosses the Dot....and the Block being the 'tail'. Put on a 'hat'....and you
can go anywhere. So the 'hat' (Top Hat) on this Halo-Block dude...is the
Dotted Line. Fractals...is another name, or really the 'copy cat'. So what
you have is the Dotted Line (fractal)...and the Halo, as Resistance while
at the other end...the Block being the Support. Now the market is gonna
to go either back up to the Halo or down to the Block. If it breaks the
Halo it has the Dotted Line to consider. So now you have the Halo for
the support and the Dotted Line as Resistance. COME ON NOW...don't
you see what the market is doing? If I have to use a sledge-hammer to
explain all the rest of this 'bingo game'...then you ain't gonna go to the
bank. Instead you're headed to the POOR HOUSE...or the Cracker Cooler
better know as the Goonie Joint. There you can fan your lips with your
index finger. Anyway...once the playground is between the Dotted Line
and the Block...you're in Congestion Action. You can get into all kinds
of fancy foot steps. Like the market trying to goose you by feinting in
doing a soft-shoe dance. That is...hop over the Dotted Line or Block,
and then head back the other way. It might even do a tap dance...or
really get high browed and do a Swan Lake ballet...maybe even do the
"Nut Cracker". Let's be sober....you can have a congestion within a
congestion. The market will close past either the Block or the Dotted
Line. The dogma of the P&L is that the 'close' has to be behind the
Dot for at least 3 days (or periods) to be in a trend. If the 'close'
is near the Dot it can suggest that the market is going to go into
a congestion entrance. If the 'close' is far away from the Dot...then
it suggest a reverse. All of this is a "supposition"....as it is what the
market is all about. Anything can happen....
ciao,
tonyj

Addendum: You should learn how to read the TICKS...that's right, know
how to read the TICKS. That's where it all starts. It ain't gonna do all that
music stuff in the Daily, Weekly, Monthly....(stop the elevator)....unless
it does it in TICKS first. It means you may have to do some 'fast fingers'
if you need to run the scales....starting from the TICK. How many times
have all those GURUS....referred to the "ticks" as NOISE? And you paid
thousands of dollars to have them tell you that?

Mgh: Yes....you're on the right track. The horizonal line is on the
'open'...and vertical line is on the Daily. This now becomes a Quadrant.
Thus, a retangular coordinate or Cartesian Coordinate. None of the
past gurus ever mentioned this. Many of them came close to it...but
why would an idiot like me, with an IQ of minus two come up with it.
And then find out that the cannon is loaded with buck-shot. This
'quadrant'...I call it the Cross, is set up only on the Daily. The market
is now....and only at this instant, thus the "tick". But the chart is the
past. So when you have the Cross (quadrant)...everything to the right
of the horizonal is 'today' and following the 'clock', we go clock wise on
this 'quadrant'. Today's market can only be in Quad 1 or quad 2....that
is quad 1 being in the upper right, and quad 2 in lower right. Quad 3 and
quad 4 can only be to the left of the vertical line and is the past. Quad
3 is in the lower left and quad 4 in upper left. Now pay attention...there
is a past in the quadrant to the right. The only truth is the 'tick'. But
that 'tick' is only until the next 'tick' takes it's place. The 'chart' is only
a record of that 'tick' and depending how excited it gets...that is, like
almost an amoeba with it's unusual mathematical trick, in one minute
it will have it's range. But it stays to the right of the 'Cross' for only
86400 seconds, or 1440 minutes....well you get the idea! At the close
it ends up to the left of the Cross. And now the Cross shifts to the
right.From the open to the close...you have all the TIME FRAMES...
or PERIODS_____take your choice. The market is going to be either
above the horizonal line or below it. That's when the Petit Soldats
start marching from the open until the close. And in between you
have all those SITTING DUCKS quaking away with a different sound
when it starts to fly. When you look at the cross, the past is always
to the left. If the market is in an uptrend....the past will be to the
LOWER LEFT of the Cross. In other words in Quad 3. Look again...
how close is it to being in Quad 4. If it starts to get close to Quad
4...."what is it telling you"? Is the beginning of the past market still in
the left lower corner of Quad 3? Think about it? The sacramentalism
of the holy water being showered while the church choir, behind the
organ, is singing...."HALLELUIA....HALLELUIA....."
ciao,
tonyj

hi tony,

interesting thoughts you display here.

now I wonder about the dot = (H + L + C) : 3

when you traded futures etc, trading was not a 24 hour market and the CLOSE must have been important.
forex is a 24 hour market, but should we still place any importance in the CLOSE?
or should the CLOSE be taken out of the formula and the DOT is (H + L) : 2

thanks

yonnie

The pldot = SMA (H+L+C)/3 then that average needs to be displaced by one bar into the future. To do that just type the number one into the shift textbox under the SMA properties dialog.

The position of the close of any bar in relation to the pldot is what is important.

(ie) For entering long - if the current bar closes above the displaced pldot in the future bar then that pldot becomes a price target for potential support. To determine if that support works out you look for whats called Yes and No patterns on lower time frames.

Yes pattern - If the lower time frame shows strength in support at that displaced pldot target you have set on the higher time frame then that becomes a Yes pattern and you would go long.

No pattern - If that lower time frame shows no sign of support strengthening at that displaced pldot target then that would be a No pattern and you would dismiss it and look for a new target on your higher time frame for new potential support.

There are other ways in finding potential targets other than the pldot like drawing trend lines using only the last two completed bars.

(ie)every possible combination of the last two bars projected one bar into the future.
a trendline connecting the last two highs
a trendline connecting the last two lows
a trendline connecting the 2nd low to the last high
a trendline connecting the 2nd high to the last low

mrjtdude, Yonnie....and others:

The Dot is the combination of 3 periods of the pivot point. Another way
is to take last 3 days of high, low, and close and divide by 9. Now I'm
going to let you in a little secret. If you are a pivot point trader, then
this will be a piece of cake. First of all...the pivot point (or 1-1 in P&L)
is imprisoned within the 1/3 'range'. I don't know if Hall, or Peter Bain and
a few others ever mentioned this. The pivot can only move within mid
1/3 range in ratio to where the close ends. If the close ends up in the
middle of the range, then the pivot point ends up in the middle of this
mid 1/3 range. Now...what about the other part of the pivot point? You
know....the R1 and S1 (Resistance and Support). So what are they
telling you...I mean what have they explained? They got this formula...
which is nothing but a line running from the 'high' down thru the 'pivot
point'...and equal down to a point which becomes S1 (support). Then
they went from the 'Low'....up thru the 'pivot point' and equal distance
up to a point which becomes R1 (resistance). Oh, My?....how wonderful?
So if you go an equal distance beyond R1, S1....you have R2, S2. Oh, My?
...how clever. Peter Bain came up with his half way between R1 and R2...
same with S1 and S2. Now I'm not knocking Pete...not by a long shot. The
guy is good, and he has some pretty bright guys on his team. O.K.....what
is my point? IT'S THIS....all of this is nothing but a simple rectangular
coordinate. Another way is to think of it as a ROOF. This slanting roof
is the tangent angle and the 'market range' is the sine angle and the
'time' a cosine angle. The Dot is the bastard child of the pivot point.
In other words...it's an expanded version of the pivot point. The P&L
stands for Point and Line. Mathematicans in the past history have played
with it like a bouncing rubber ball. A line drawn from one point to another
point. And to answer Yonnie's question....it has to be continous. It can
not have holes in it. That's why you have gaps in markets that are of
only 5, 6, or whatever hours. What about the other part of the 24 hrs?
The forex is a 24 hour deal...thus a rare gap...which can only happen in
the week end and even there no big deal. O.K...let's get back to the Dot
or Point and Line. It's the lines in the p&l methodology that really is the
hardest part in understanding the P&L. I've been working over 25 years
on it...and I still have to shake my head, and just hope they don't try
to put me into a strait-jacket and haul me off to the loonie bin. The
5-1, 5-2, 5-9 are lines as mrjtdude has noted in his post. Guess what...?
They too are rectangular coordinates. The 'slope' of the market is the
tangent angle of the market. Only the market isn't a straight line. It
can have curves.....sine curves, and the only time there is a straight
line is when there is an inflection between a logarithm and a expondential
line. In a broad sense...in the area of the top curve (resistance or bull
territory) is your logarithm. While in the bottom curve (suppot or bear
territory) is your expondential. But as the market goes from one to the
other, no matter what 'time period' you have to have a straight line or
inflection point. The Dot is the best indicator of them all. Now...what
about cosine angles of the LINES (5-9, 5-1, 5-2)....yessa...youse is
gonna get a mouth full. Nobody ever tried to explain it. Ya see...we've
all been brain washed by all those gurus in the past....tut, tut.
ciao,
tonyj

Yonnie: I made mine in the futures years ago. Again...commodities
is different from the forex market as it is played now. Another thing...
what worked for me years ago, doesn't mean it can work today. The
world is different today from my time back then. You probably haven't
the slightest idea of what we traders back then were like from that of
you today. There was no computers then. When I first started....there
was only a clapperboard that gave us the quotes. A telegraph board.
A monitor came in later...and the only way you could get a chart was
making one yourself. The only way to day trade was by going down
to your brokers office and draw on your chart as the quotes came in.
Can you imagine what it sounded like with the clapper banging away
and the ticker clicking...then some guy coming out shouting something.
If some event came in....like a bombing, and their trade was making
money because of it,....there would be SHOUTING AND YELLING...and
jumping up and down all over the place.
You should not think the way you are thinking in regard in taking out
the close. Why the candlesticks that so many of you young guys are
so ya-ya about? I think like the candlestick in its total...even though I
don't use it. All because my method is really a bastard child of the
candlestick...in a way. The close is the end of the day, as the open
is the beginning of the day. And in between the high and the low.
It's what happens between the 'open and the close' that will determine
whether you are right or wrong. And where is that 'close' between the
High and the Low? In the forex market that 'close' is practically the
next periods 'open'. And where does the market go next....above the
'open' or below the 'open'. There is only a market between the
'open' and the 'close'. There is time between the 'open' and 'close'.
And this time takes on different proportions of a price...which becomes
a clew as to when are where you get in or out. Or when you should
sit on your hands....and wait.
ciao,
tonyj

mrjtdude: Thank you for the above....

ciao,
tonyj